Action Magic - Double Banking is a Quick-Play Spell Card.
Spell Cards are usually activated from the hand on your turn unless their type gives another timing window.
On the current TCG and OCG Forbidden & Limited lists tracked here, Action Magic - Double Banking is Unlimited.
YGOPRODeck lists Action Magic - Double Banking for these formats: Duel Links, Common Charity, TCG, OCG, Master Duel.
A listed print of Action Magic - Double Banking appears in Chaos Impact (CHIM-EN094) at Common rarity.
Among markets shown on this page, the lowest listed snapshot for Action Magic - Double Banking is about $0.07 on Cardmarket (prices change frequently).